Date: 22.12.2017.

Statistics Lithuania informs that based on provisional data, in 2016, against 2015, value added generated in the tourism sector increased by 6.6% and totalled EUR 1 billion 73 thousand, or 3.1% of the country’s gross value added. Value added of the tourism sector, against the gross value added, increased by 0.1 percentage point.

Lithuania has lost its position as a leader in absorbing EU money as it has spent less than a third of all planned EU funds since the start of this year and less than a sixth since the beginning of the current financing period, the business daily Verslo Zinios reported on Friday, cites LETA/BNS.

The Estonian government on December 21st- supported the plan of the Ministry of Economic Affairs and Communications to order two new planes to start operating on the routes between mainland and large western islands Saaremaa and Hiiumaa as of June 2019, informs LETA/BNS.

EU economy’s future: slow but positive growthGrowth in all EU states will continue in 2019-20, though at a slower pace than before. The largest EU’s economies will grow at around 1,5-1,7%, mostly in Poland, Spain and Holland. The Baltic States’ growth will continue to be on the positive trend.